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Ashwini Vaishnaw at NDTV World Summit 2026: Full Interview Transcript

Union Minister Ashwini Vaishnaw sits down with Rahul Kanwal at the NDTV World Summit 2026 to set out India’s semiconductor roadmap, from the first made-in-India wafer by 2028 to 3 nm and 5 nm chips by 2035, and the goals of Semicon 2.0. He also reveals that a consultation paper on an Indian AI law is coming within weeks, predicts an Indian-designed mobile phone brand by 2028, responds to former Japanese minister Hideki Makihara’s criticism of the Mumbai-Ahmedabad bullet train project, and addresses the arrest of CJP activists in Delhi. Read the full transcript of the interview below:

The Nail in the Railway Minister’s Office

RAHUL KANWAL: (00:00:00 – 00:01:42) In the railway minister’s office, there is a nail in the wall behind where the mantri sits. I noticed it the first time, and I thought to myself, कि ये किसी railway वाले ने कोई rail की picture लगी होगी, वो हट गई, अब नई वाली लगनी लगी नहीं। And it was just a note at the back of my head. I went back. I came back a few weeks later, met Ashwini ji again. And I noticed this nail.

So it’s very awkward because a very prim and proper formal office, and you have this one nail in the wall, and there’s nothing there. फिर मैंने सोचा ये क्या है तो कुछ कुछ the officials must be in trouble. कुछ डाली नहीं रहे हो कील के अंदर अभी भी पड़ी हुई है खाली। Anyway, I thought God knows what’s happening, and I left it there. I came back now few months later. And the nail was still there. By now, I am totally confused.

So I started that third conversation by asking Mantri ji, “Sir, ये आपके सर के पीछे जो कील लगी हुई दीवार में वो क्या है?” The minister said that “this is where the first semiconductor wafer manufactured in India will be put. The moment it comes out of the manufacturing line. And I have it at the back of my head so that every single day when I’m doing meetings with officials, delegates who come from the world over, that nail in the wall reminds me what we need to do with semiconductors in India. And it will stay like this till the time we can find that semiconductor.”

So when is that nail going to find the wafer that you hope to put over there, Minister?

ASHWINI VAISHNAW: (00:01:43 – 00:01:44) 2028.

Legacy Nodes and India’s Semiconductor Strategy

RAHUL KANWAL: (00:01:50 – 00:02:21) 2028. You’ve been working really hard towards making this happen, but your critics say that we are trying to play catch-up, and essentially even when we get there in 2028, we will have very old world technology. The world is moving into nanochips. It’s far more advanced. We’re producing what they call from chip standards, really old technology. What do you want to tell everyone watching you at this time, watching you across the NDTV network, Minister?

ASHWINI VAISHNAW: (00:02:22 – 00:06:42) If you look at the entire semiconductor spectrum, the entire from, let’s say, 90 nanometers to 2 nanometers, close to 75% of the chips which are used, all the chips, whether chips in the refrigerators, chips in cars, chips in the mobile phone, chips in this mic. All these chips, if you look at the entire spectrum, close to 75% are 28 nanometers to 90 nanometers. These are called the legacy nodes. This is where the large volume is there. Value-wise, this will be lesser. Complexity-wise, this is lesser. But the large volume is in this segment, and this segment is now getting concentrated.

One country is already having 80% of the manufacturing capacity of this 28 nanometer to 90 nanometer, and that capacity is growing. So imagine a world 5 years from now where the advanced nodes— 2 nanometer, 3 nanometer, 5 nanometer, 7 nanometer— there will be 5 manufacturers. And 28 nanometer to 90 nanometers, there will be only one country which is manufacturing. That is the geopolitical significance of our strategy.

We decided that in the high-volume segment, which is extremely important for all manufacturing, whether it is manufacturing of cranes, trucks, trains, refrigerators, white goods, practically everything in that high volume, the dependency should not be there. People want resilient supply chains, people want reliable partners, people want countries to come up who can manufacture in that segment. That’s why we decided that our first fab will be 28 nanometers.

Now 28 nanometers fab will be ready. Tata project at Dholera is progressing very well. Beyond that, the path from 28 nanometers to 14 nanometers, 14 nanometers to 5 nanometers. That path is clearly laid out. By 2035, we will be manufacturing 3 nanometers and 5 nanometers chips in our country. So that path is very clearly laid out.

See, our country wanted to have a semiconductor industry way back in 1962. Attempts were made by Mr. Nehru, by Mrs. Indira Gandhi, by Mr. Rajiv Gandhi, by Dr. Manmohan Singh. Finally, the success has come to our country only during Prime Minister Modi’s period. It’s not that— see, it’s an extremely complex industry. Human beings have never manufactured something as fine as this.

It’s like on this nail, not just writing your own name. Writing names of all the NDTV employees. After that, writing everything that has been said on NDTV for next— for the last 100 days, each and every word that has been uttered on NDTV, 100 days, writing that entire thing on this small nail. So that is the complexity of manufacturing semiconductors, and we in our country are making a successful attempt at that industry, getting that industry into India.

My sense is, with full humility, I can say that within a very short time frame from 2022 when we started this journey, 1st Jan 2022, since then we already have 5 plants which are doing commercial production. Our chips, made in India chips, are today exported to Japan, exported to US, exported to Europe.